Question

Mr. MOHAN HAS INCOME FROM SALARY RS. 210000, INCOME FROM HOUSE PROPERTY RS. 55000, INTEREST RECEIVED RS.4000o, BUSINESS INCOME RS 140000, HE CONTRIBUTES RS.15000 TOWARD LỊC & 10000 TDS DEDUCTED BY OTHERS, COMPUTE HIS NET TAXABLE INCOME.​

Answer 1

Explanation:

Verify that -2,1 and 3 are the zeroes of the cubic polynomial 3 2 p x x x x ( ) 2 5 6     and

then verify the relationship between the zeroes and the co-efficient

Answer 2

Answer:

The correct answer is Rs. 420000.

Explanation:

i) According to section 80C, LIC premiums can be claimed for tax exemption.

ii) Given income sources:

Salary = Rs 210000

House property = Rs 55000

Interest = Rs 40000

Business income = Rs 140000

iii) Given income sources that are tax exempted:

LIC = Rs 10000

TDS = Rs 15000

iv) Hence, the net taxable income of Mr Mohan is:

Total income sources - tax exempted income

(210000 + 55000 + 40000 + 140000) - (15000 + 10000)

= 445000-25000

=420000

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